Kroger and Albertsons Supermarkets are in talks to sell more than 400 stores to C&S Wholesale Grocers for about $2 billion. The deal is part of their proposed $25 billion merger. Kroger and Albertsons first potential sales of 100 to 375 stores in 2022. They have since revealed that they will cap divested stores at 650 locations.
Kroger and Albertsons plan to sell stores in the Pacific Northwest, mountain states and in California, Texas, Illinois and the East Coast. However, the company declined to comment and C&S officials have also declined to comment on the potential deal.
Kroger Albertson merger
The Kroger-Albertson merger would be one of the largest retail acquisitions in history. The deal will give Kroger approximately 5,000 stores and more than 700,000 employees before divesting an undetermined number of stores. Both companies have vowed not to close stores or lay off employees.
Top 10 Supermarket retail chains in U.S.
|No.||Supermarket Name||Turnover in 2022||Number of Stores|
|1||Walmart||$611.3 billion||10,500 stores|
|2||Costco||$162.6 billion||838 stores|
|3||Kroger||$148.3 billion||2800 stores|
|4||Target||$109 billion||1950 stores|
|5||Albertsons||$77.6 billion||2200 stores|
|6||Ahold Delhaize||$57.9 billion||2000 stores|
|7||Publix||$54.4 billion||1200 stores|
|8||HEB||$38.9 billion||400 stores|
|9||Aldi||$37 billion||2000 stores|
|10||7 Eleven||$31 billion||12600 stores|
Kroger is an American retail company founded in 1883. The company operates supermarkets and multi-department stores in the United States. Kroger company is America’s largest supermarket operator in terms of revenue.
Albertsons is an American grocery company founded in 1939. It is headquartered in Boise, Idaho. The company is the 2nd largest supermarket operator after Kroger in North America.
C&S Wholesale is a grocery company founded in 1913. The company owns popular brands such as Piggly Wiggly grocery brand, Grand Union supermarket brand and Best Yet.
According to United States (US) retail market research report, the US retail market size was $4,938 billion in 2022.